IASB and FASB issue statement on their convergence work
The IASB and the FASB are in the process of developing a modified strategy to take account of these concerns that would:
* prioritise the major projects in the MoU to permit a sharper focus on issues and projects that we believe will bring about significant improvement and convergence between IFRS and US GAAP.
*stagger the publication of Exposure Drafts and related consultations (such as public round table meetings) to enable the broad-based and effective stakeholder participation in due process that is critically important to the quality of their standards. We are limiting to four the number of significant or complex Exposure Drafts issued in any one quarter.
*issue a separate consultation document seeking stakeholder input about effective dates and transition methods.
Also,
The modified strategy retains the target completion date of June 2011 for many of the projects identified by the original MoU, including those projects, as well as other issues not in the MoU, where a converged solution is urgently required.
イギリス英語とアメリカ英語の違いなどもあり、予定通りに進んでいないみたいです。今後は優先順位を明確にし、それから手を付けていくようなので、もしかしたら締め切りに間に合うということもあるのかも。。。
